Market - And Apartment to Live In

Orange, CA (Orange County)

Market - And Apartment to Live In
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Asking Price: $175,000

Cash Flow: $70,501

Gross Revenue: $384,000

EBITDA: N/A

FF&E: $0

Inventory: $25,000*

Established: 1983

*not included in asking price.

Market - And Apartment to Live In

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Business Description

This mini-market is one of those old school neighborhood gems, tucked away in a iconic neighborhood of Orange County. Since 1983, the store has been serving local families on an evening walk and local college students who visit frequently for snacks and party needs. It sells beer and wine, Lotto tickets and scratchers, tobacco products, cold beverages and everyday household items. It is profitable and the current owner operates it full-time, minimizing payroll.

The Seller is switching industries, so it's time for a growth-minded Buyer to step in and operate the business. There is a lot of room for a motivated owner to improve sales and profitability. First, add fresh coffee and sandwiches (including gourmet options), to boost sales and draw in fresh customers. Add hot food to go and attract more regular weekly local customers. Boost beer and wine sales by stocking a wider, more modern selection of beers (craft beers are very popular) and unique wines. Make the storefront pop with a fresh coat of paint and more distinctive signage. The current owner has let inventory become stale; fully stock the shelves with a better selection of products. The market has plenty of room for inventory: 8 beverage coolers (2-door), a large walk-in cooler, 2 ice cream freezers, Lotto and ATM machines, and 3 rows of household items, chips and snack racks. Finally, the owner does ZERO advertising or marketing. Get the word out to the school and neighborhood that you're ready to serve!

This market is one of those quaint stores that has managed to hold on to it's family style charm that keeps customers loyal for years. These type of opportunities don't come up everyday: straightforward to operate, friendly customers, and as an added bonus, a 3-bedroom, 2-bath 1584 sf second floor apartment (above the store and should rent for $2500 a month)you get both and is included in the business lease. Zero commute to work ... ever! If you've been in the market for a market, don't hesitate; reach out to the Agent today.

Detailed Information

Location:
Orange, CA
Inventory:
Not included in asking price
Employees:
0
Facilities:
3-bedroom, 2-bath 1584 sf second floor apartment (above the store) is included in the business lease.
Support & Training:
Yes
Reason for Selling:
Switching Industries
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Sergio Ciba

Business Listed By:
Sergio Ciba

BottomLine Business Brokers


Sponsoring Broker:
Bill Corley - BottomLine Business Brokers

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Ad#:1817477

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